Strategy adds $765m in Bitcoin, holdings top 576,000 BTC amid treasury shift

Strategy, formerly known as MicroStrategy, has acquired another 7,390 BTC. 

The Bitcoin (BTC) was purchased with approximately $764.9 million between May 12 and May 18, pushing Strategy’s total holdings to 576,230 BTC, according to an SEC filing on Monday.

The acquisition was funded through a combination of stock offerings, including the sale of 1.7 million shares of its Class A common stock for $705.7 million and 621,555 shares of its Series A perpetual preferred stock for $59.7 million. 

Strategy now holds more than $18.9 billion in MSTR and $20.7 billion in STRK shares authorized for future issuance.

Strategy holds 2.7% of BTC’s supply

With a total spend of $40.2 billion, Strategy’s bitcoin position—now worth over $59 billion—represents more than 2.7% of the cryptocurrency’s total 21 million supply. 

The company is targeting $42 billion in bitcoin purchases by 2027, as part of its expanded “42/42” capital strategy.

Bitcoin is currently trading at around $103,000. MSTR shares fell 2.3% in pre-market trading Monday.

Strategy’s lawsuit 

Separately, Strategy disclosed a new class action lawsuit filed May 16, alleging the firm misled investors and failed to disclose risks tied to its bitcoin strategy and new crypto accounting rules. 

The company said it will contest the claims but acknowledged uncertainty around potential outcomes.

Meanwhile, corporate Bitcoin adoption is rising. Over 70 traditional firms now report BTC treasury exposure, including Metaplanet, Semler Scientific, and Tether-backed venture Twenty One, which recently announced a $3.6 billion bitcoin-focused initiative.